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Gold prices recovered the losses of Tuesday's session, and rose to the $ 1524 level at the time of writing, with financial markets and investors absorbing the content
Gold markets initially pulled back during the trading session on Wednesday, reaching down towards the $1500 level.
The gold ounce lost a total of $ 55 during Tuesday's session, with strong gains in global stocks immediately after the United States announced the postponement of new tariff on Chinese imports, which was scheduled for September 1.
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Gold markets went back and forth during the trading session on Tuesday as we continue to see a lot of volatility.
With the beginning of this week's trading, the price of gold fell to the $ 1488support level , from which it started again to test stronger resistance areas up to the top of $ 1520 an ounce at the time of writing.
Gold markets have initially pulled back during the trading session on Monday to kick off the week, testing the $1500 level for support.
With the beginning of this week’s trading, gold prices are undergoing a downward correction to the 1492 support level, amid profit-taking sellings
Gold markets have had a strong week or so, but as we are just above the $1500 level, it’s likely that we are going to pull back a bit as the market tries to come to grips with the idea of being above that level.
Gold markets pulled back a bit during the trading session on Thursday, testing the $1500 region before bouncing later in the day.
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Going back to my recent technical analysis, I pointed out that gold's gains will persist and last longer.
Gold markets have exploded to the upside during trading on Wednesday, as central banks continue to cut interest rates.
I mentioned in my latest technical analysis that the price of gold may head towards the 1500 psychological peak if it succeeds in testing the resistance 1462 and 1475 levels, and the 1490 resistance has already been reached.
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Sign up to get the latest market updates and free signals directly to your inbox.The Gold markets initially gapped higher to kick off the trading session on Tuesday after the Americans named the Chinese “currency manipulators”, while the futures markets were closed.
For four straight trading sessions, the gold price recorded stronger gains, testing the $1,470 resistance level of in morning trades on Tuesday, despite recent gains in the US dollar.
Gold markets rallied significantly on Monday to send the market higher, reaching towards the $1480 level before pulling back a bit.